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Le Pen Plan for Power Market 'Frexit' Worries France's Neighbors.

Authors :
de Beaupuy, Francois
Sorge, Petra
Source :
Bloomberg.com; 7/5/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Marine Le Pen's energy plans, proposed by the National Rally party, have raised concerns among political and business leaders in France and neighboring countries. The party's proposals include policies that could disrupt power flows across national borders, weaken Electricite de France SA, and make the region's energy supplies less secure. The National Rally wants to take back control of electricity prices in France by ending market-based cross-border transactions and replacing them with bilateral or multilateral contracts with neighboring countries. However, there are doubts about the plan's legality within European Union rules, and experts warn that re-introducing energy barriers within Europe could lead to supply problems and higher prices. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
178301390